Thank you, Mr. Chair.
Good evening to all the witnesses, whom I thank for their presentations and for being with us to answer our questions.
My first question is for the representatives of the Competition Bureau.
As Ms. Levac said, Bill C-56 repeals the efficiencies defence in anti-competitive agreements. My question relates to this change and the other measures set out in Bill C‑56.
You analyzed the potential acquisition of HSBC Canada by the Royal Bank. Do you think that if Bill C‑56 were enacted, the conclusions of your study might be different?